The global Mobile
Satellite Services Market is anticipated to reach USD 5.53 billion by
2024 on account of its rising demand as it facilitates advanced services where
one can send or receive information from any remote location despite the
absence of necessary infrastructure. Furthermore, the usage of satellite
communication services in the disaster management areas in developed regions is
expected to boost the market over the forecast period.
In 2016, maritime was the largest
application segment of the market on account of the lack of definite
communication infrastructure over sea routes. Increasing accidents on the sea
routes and need for proper communication at the time of such events are
anticipated to drive the demand for satellite communication.
Messages are conveyed through
voice and data services within the MSS market. Conventionally, data has been
the largest segment of the market representing that majority of the
communication in the form of encrypted codes due to the high level of security
offered by it. Sectors such as aviation and defense are the largest users of
the service. Nonetheless, voice services are expected to witness growth as a
result of increasing technology and communication system.
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North America held the
significant share in 2016 by contributing to over 30% of the overall market
share due to the extensive usage of the technology. However, Asia Pacific is
expected to witness a lucrative growth due to the increasing use of satellite
devices in the defense, government and transportation applications. The launch
of 104 satellites by ISRO in February 2017 along with the future planning of
more number of a satellite launched is expected to provide an opportunity for
growth of the market over the projected period.
The market is consolidated with
the presence of a limited number of players. Majority of the global companies
implement strategies of acquiring the leading domestic players to increase
their production capacity and expand their presence in different regions. For
instance, EchoStar Corp. acquired Solaris Mobile Ltd., an MSS operator based
out of Dublin, Ireland in January 2014.
The leading players operating in
the mobile satellite services include Inmarsat plc.,Globalstar, Iridium
Communications Inc., Thuraya Telecommunications Company, EchoStar Corporation,
INTELSAT, ORBCOMM, ViaSat Inc., Singtel, and Telstra.
Hexa Research has segmented the global mobile
satellite services (MSS) market based on service, application, end-use and
region:
Segmentation by service, 2014 - 2024 (USD Million)
• Data
• Voice
Segmentation by application, 2014 - 2024 (USD Million)
• Maritime
• Aviation
• Land
Segmentation by end-use, 2014 - 2024 (USD Million)
• Defense
• Government
• Transportation
• Mining
• Oil & Gas
• Others
Segmentation by region, 2014 - 2024 (USD Million)
• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Central & South America
• Middle East & Africa
Key players analyzed
• Inmarsat plc.
• Globalstar
• Iridium Communications Inc.
• Thuraya Telecommunications Company
• EchoStar Corporation
• INTELSAT
• ORBCOMM
• ViaSat Inc.
• Singtel
• Telstra
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